Spain’s government bonds advanced for the first time in three days as yields that climbed to the highest level in five weeks attracted buyers amid speculation that central banks will keep interest rates low.
Russian inflation accelerated more than economists forecast in November, quickening for a second month as the central bank and government conceded that price growth would exceed the target range for a second straight year.
Argentina’s Planning Minister Julio De Vido is flying to Russia and China to seek investors for 14 infrastructure projects to be auctioned next year for a total of $17 billion, two people with knowledge of the situation said.
Denmark’s central bank Governor Lars Rohde characterized as nonsensical a European Banking Authority plan not to give covered bonds the highest liquidity status and predicted policy makers in Brussels will ignore the advice.
Denmark’s Economy Ministry said the European Banking Authority signaled it won’t recommend that covered bonds be granted the highest liquidity status, in a blow to the nation’s $530 billion mortgage bond market.